RadioShack has had its shares put on hold from trading on the New York Stock Exchange as it carries on seeking possible rescue from bankruptcy. If the company fail to find a bidder then it will have to close down all of its 4,000 stores. Over the past year the company has lost 90% of its market value as its financial difficulties continue.
The NYSE said the US electronics firm had failed to comply with its listing standards, and that it was "taking action" to delist the shares. They added it was forced to act because the "company does not intend to submit a business plan to address its non compliance" with its listing standards of a $50m (£33m) average market over 30 consecutive days.
The firm which opened in 1921 has struggled to uphold sales due to competition from other retailers such as Walmart and Amazon.